Study reveals that American Millennials show interest towards Crypto Coins

A recent survey from YouGov Omnibus, shows that 48% of American Millennials are interested in using cryptocurrency. While there is a mass of crowd that is hanging on the institutional money of Wall Street and of the U.S. Securities and Exchange Commission’s governing on Bitcoin exchange-traded funds, the other half of the American population is giving thumbs up to cryptocurrency.

According to the survey, it found that almost half of the American millennials are showing an interest in cryptocurrency, which sends a strong message to adopt cryptocurrencies as a payment system.

YouGov Omnibus, which collected answers from 1202 respondents around the last days of August. The survey found out that there is more interest among youngsters and the ones entering the adulthood towards the use of cryptocurrency. The trend also shows that the youngsters also have an intent to invest in cryptocurrencies.

“Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. However, a majority (57%) say they would not be interested in converting away from the U.S. dollar. Millennials are almost equally split between being interested (48%) and not interested (50%).”

As per the poll, 79% of Americans seem to know at least one cryptocurrency, Bitcoin being the most well-known. Bitcoin was leading the most-known category in cryptocurrencies with 71 percent of respondents having heard of it. Ethereum takes the second position with 13 percent of respondents being familiar with the crypto coin.

The survey also revealed that 27 percent of women were more likely to have heard of cryptocurrency, in comparison with the 16 percent of men.

87 percent of respondents said that they were familiar with Bitcoin but haven’t actually had interaction with it. When it comes to investing, 49 percent of respondents said that they had not purchased bitcoins and had no intentions purchasing it in the future.

15 percent of respondents have regrets about not buying the digital asset, and wished that they purchased the coin earlier. 44 percent of millennials have stated that they expect the wider adoption of cryptocurrencies, while 34 percent think that crypto will not see massive adoption.

The researchers behind this survey said that the hesitation of seeing crypto as adoption comes from the belief that cryptocurrencies use for illegal and anonymous activities. Of all the respondents, 36 percent are willing to start using the cryptocurrency rather than US Dollar. But about 57 percent said that they are in no way interested in converting their US Dollar to a cryptocurrency.

A research company called Ipsos, which on behalf of ING Bank, surveyed around 1000 respondents each from 15 countries. And according to the survey results, 9 percent own a cryptocurrency, and 25 percent say they are willing to purchase some in the future. 35 percent of Europeans believe that crypto is the future of spending online, whereas 66 percent say that they have never heard about cryptocurrencies.

According to U.S. Patent and Trademark Office(USPTO), American chipmaker Intel successfully filed for a new patent “energy-efficient high-performance Bitcoin mining,”
The processor is precisely made...